North Dakota Code 10-35-20 – Action by shareholders without a meeting
Current as of: 2023 | Check for updates
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1. An action required or permitted to be taken at a meeting of the shareholders of a publicly traded corporation may be taken without a meeting by one or more records signed by shareholders who own voting power equal to the voting power that would be required to take the same action at a meeting of the shareholders at which all shareholders were present.
Terms Used In North Dakota Code 10-35-20
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
2. Action may not be taken by a publicly traded corporation by ballot of its shareholders without a meeting.